JOLTS Jars with Mainstream View of Jobs

JOLTS Jars with Mainstream View of Jobs

Yesterday the Bureau of Labor Statistics released its monthly JOLTS report (Job Openings and Labor Turnover Summary), revealing further details on labor market conditions in December. Despite all the post-election euphoria, the number of job openings actually declined by 4k and has dropped 130k since September. While the number of new hires rose 40k, the […]

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Cash-strapped Consumers vote with their feet on higher restaurant vs. grocery prices

Cash-strapped Consumers vote with their feet on higher restaurant vs. grocery prices

Rising restaurant prices vs. falling grocery prices certainly help explain the continued drop in restaurant traffic as Cash-strapped Consumers flock to grocery stores and eat more at home. Facing higher minimum wages, overtime rules and potentially the end of the tip wage come the 2016 presidential election, it looks like the restaurant labor cost pain is […]

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